New York City Mayor Bloomberg Running for President? Pays 150 to 1 OddsIn a stunning move Tuesday, New York City Mayor Mike Bloomberg switched his party status to unaffiliated in a move many suggest could indicate that Bloomberg will run for US President as an independent.
This is Carrie Stroup reporting for Gambling911.com with all the latest political betting news and trends 24/7.
The Associated Press report states that the billionaire former CEO, who was a lifelong Democrat before he switched to the GOP for his first mayoral run, said the change in voter registration does not mean he is running for president.
"Although my plans for the future haven't changed, I believe this brings my affiliation into alignment with how I have led and will continue to lead our city," he said in a statement.
Bloomberg has an estimated worth of more than $5 billion and easily could underwrite a White House run, much like Texas businessman Ross Perot in 1992. Bloomberg spent more than $155 million for his two mayoral campaigns, including $85 million when he won his second term in 2005.
For anyone looking to get money down on Mayor Bloomberg, Sportsbook.com is offering odds of Bloomberg becoming the next US President at 150 to 1 odds. That would equate to a $15,000 payout for every $100 bet.
"The odds of Mayor Bloomberg winning are slim to none in other words," points out Payton O'Brien, Senior Editor of Gambling911.com. "But stranger things have happened and whose to say voters will not completely abandon the Democratic and Republican parties come November 2008?"
Michael Bloomberg is the founder of Bloomberg News and a former partner with Saloman Brothers. He assumed the role of New York Mayor immediately following the devastation of 9/11. The people of New York approved of their mayor and re-elected him in 2005.
Bloomberg does not reside in Gracie Mansion, the official mayor's mansion, but at his own home elsewhere on the Upper East Side (17 East 79th Street between Madison and Fifth Avenues). He maintains his home address in the white pages and is known to ride the subway to City Hall every morning, even during periods of heightened terrorist alert.
According to the Chronicle of Philanthropy, Mr. Bloomberg donated and or pledged $138 million in 2004, $144 million in 2005 and $165 million in 2006[9]. 2006 recipients include the Campaign for Tobacco-Free Kids; Centers for Disease Control and Prevention; Johns Hopkins Bloomberg School for Public Health; World Lung Foundation and the World Health Organization.
According to The New York Times, Mr. Bloomberg has been an “anonymous donor” to the Carnegie Corporation each year for the last several years with gifts ranging from $5-$20 million. The Carnegie Corporation has distributed this contribution to hundreds of New York City organizations ranging from the Dance Theater of Harlem to Gilda’s Club, a not-for-profit organization that provides support to people and families living with cancer.
His charitable contributions were such that he was ranked seventh in the United States in philanthropic endeavors.
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Carrie Stroup, Gambling911.com
Originally published June 19, 2007 10:28 pm ET
